Forex Swap Calculator
Profitable forex traders know their swap fees. Calculate yours seamlessly with our Forex Swap Calculator.
Enter your currency pair, account currency, trade duration, and lot size — the Forex Swap Calculator does the rest!
What Is A Swap Rate?
A swap rate is the gain or the cost of holding an open forex position through each day’s settlement. This is known as rollover.
The forex trading account is credited or debited the swap fee once a day per rollover. On Wednesdays, swap fees are allocated three times.
How To Use The Forex Swap Calculator
Winning forex traders know their swap fees! With our Forex Swap Calculator, you’ll know yours in a few steps.
- Choose your deposit currency
- Select the desired forex pair
- Enter your trade size
- Assign a number of nights
- Click Calculate!
How Are Swap Rates Calculated?
To calculate swap fees for your open positions, you must know the pip value, swap rate, and the number of nights the position is held. Then, enter these values into the swap fee formula:
Formula: Swap Fee = (Pip Value * Rate * Nights)/10
Assume you hold 10 lots of EUR/USD for one night with an account denominated in euros (EUR).
- 10 Lots = 1,000,000 units
- Pip Value = $100
- Swap Value = 0.24
- Number of Nights = 1
- Swap Fee = (100 * 0.24 * 1) / 10 = $2.40
FAQs
Here are a few of the most commonly asked questions about swap rates and the Forex Swap Calculator.
Can The Forex Swap Calculator Be Used When Trading CFDs?
No. It is a web analytics service designed for use on foreign exchange currency pairs. When trading CFDs or other financial instruments, external resources will be needed to calculate fees.
How Important Are Swap Rates?
The importance of swap rates varies according to position size; the larger the size the greater the swap fees. Typically, this is a significant factor driving the profitability of most retail investor accounts. However, it is not considered a means of rapidly losing money.
Is My Trading Information Safe In The Forex Swap Calculator?
Absolutely! The tool is built to be used in an anonymous capacity. With the Forex Swap Calculator, there is no discernable personal data provided by users.
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